Market regulator Sebi has sought clarifications from the merchant banker of Videocon D2H Ltd, the satellite television arm of Videocon Group, regarding the company's proposed Rs 700 crore (Rs 7 billion) initial public offer (IPO).
The company, which has filed its documents with the market regulator, Securities and Exchange Board of India, is also looking to raise up to Rs 50 crore (Rs 500 million) by pre-IPO placement of up to 10 million shares.
Monte Carlo has raised a little above Rs 100 crore (Rs 1 billion) from anchor investors at Rs 645 a share.
It is also considering to mop-up Rs 50 crore through a pre-IPO placement.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
Sebi has long struggled with balancing the needs of small investors and those of the market.
The DTH industry had been growing at an explosive rate, with 100 per cent increase in customer base and a steady income from customers.
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
She received nearly 97.7 per cent of the votes in favour of her re-appointment, while nearly 2.32 per cent votes were cast against her
In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy
The stocks Radhakishan Damani enters or exits are closely watched by fund managers, says Joydeep Ghosh.
No respite in sight as not many big deals, initial public offerings in pipeline.
The two nations share a problem of corporate debt gone bad that is so large and opaque.
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